27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Enphase Energy Inc (NASDAQ:ENPH) shares jumped in early trading on Monday.
The stock has lost 31% year to date, having erased all its “peer-leading gain from 2022,” and is no longer “priced for perfection,” according to Raymond James.
The Energy Analyst: Pavel Molchanov upgraded the rating for Enphase Energy from Market Perform to Outperform, while setting a price target of $225.
Check out other analyst stock ratings.
The Energy Thesis: Investor concerns around California’s residential PV demand due to the net metering reform, which took effect in mid-April last year, appear to be overblown, Molchanov said in the upgrade note.
“California was 20% of Enphase’s salex mix in 2022, well below the state’s one-third proportion of the U.S. residential PV market,” the analyst wrote. The company has done “a phenomenal job of pushing into Europe, which lacks the U.S. market’s regulatory pitfalls, whether net metering or protectionism,” he added.
“Europe emerged as Enphase’s leading growth driver in 2022, and we expect even more of that in the years ahead,” Molchanov further stated.
ENPH Price Action: Shares of Enphase Energy had risen by 5.22% to $193.23 at the time of publication Monday.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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